M.B.A.

M.B.A.

Todd Krasnow is an accomplished entrepreneur, consumer sales & marketing executive and early stage venture investor.
Currently at Highland Capital Partners, Todd serves as a Director on the Boards of several privately-held companies including Quraz, OnForce, and C & S Wholesale Grocers, and is a member of the Board of Advisors at Harvard Business School's Arthur Rock Center for Entrepreneurship.

Previously, Todd was a member of the original management team at Staples and served as its EVP of Sales and Marketing.
During his tenure at Staples, Todd won a gold "Clio" award for the best retail advertising in the United States while the company reached over $7 billion in sales.

He holds an M.B.A. from Harvard Business School and an A.B. in Chemistry from Cornell University.

Class III directors: David Friend, Jeffry Flowers, and Todd Krasnow, whose current terms will expire at the annual meeting of stockholders to be held in 2014.

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Todd Krasnow (1)(2)

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Todd Krasnow has served on our Board since September 2005 and as our lead independent director since April 2011.Mr. Krasnow has served as the president of Cobbs Capital, Inc., a private consulting company, since

January 2005, and as marketing domain expert with Highland Consumer Fund, a venture capital firm, since June 2007.
Previously, Mr. Krasnow was the chairman of Zoots, Inc., a dry cleaning company, from June 2003 to January 2008 and chief executive officer of Zoots, Inc. from February 1998 to June 2003.He served as the executive vice president of sales and marketing of Staples, Inc. from May 1993 to January 1998 and in other sales and marketing positions for Staples, Inc. from March 1986 to May 1993.Mr. Krasnow is a director of Tile Shop Holdings, Inc., a publicly-traded retailer of tile and stone, and is chairman of the Tile Shop Holdings’ compensation and nominating and corporate governance committees.Mr. Krasnow is also a director of OnForce, Inc., an online marketplace that enables enterprises to hire information technology service professionals, and Global Customer Commerce, Inc., an internet retailer of blinds and wall coverings, and a member of the advisory boards of C&S Wholesale Grocers, Inc. and Piedmont, Ltd., which conducts business as Quraz, a Japanese storage company.Mr. Krasnow holds an M.B.A. from the Harvard University Graduate School of Business and an A.B. in Chemistry from Cornell University.We believe that Mr. Krasnow is qualified to serve on our Board due to his operating and management experience, his expertise in sales and marketing, and the continuity he provides on our Board.

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Vazirani, Nelson, Kane, and Krasnow, representing four of our six current directors, do not have a relationship that would interfere with the exercise of independent judgment in carrying out the responsibilities of a director and that each of these directors is “independent” as that term is defined under the applicable rules and regulations of the SEC and the listing requirements and rules of Nasdaq.

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To lessen any potential concerns associated with the dual role structure, our corporate governance guidelines provide that one of our independent directors, currently Mr. Krasnow, should serve as a lead independent director at any time when the chief executive officer serves as the chairman of the Board, or if the chairman of the Board is not otherwise independent.

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Kane, Nelson, and Krasnow, with Mr. Kane serving as the chair of the committee.

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Kane, Nelson, and Krasnow, are independent directors as defined under the applicable rules and regulations of the SEC and Nasdaq.

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Krasnow and Vazirani, with Mr. Krasnow serving as the chair of the committee.

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Krasnow and Vazirani, with Mr. Krasnow serving as the chair of the committee.

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Todd Krasnow and Pravin Vazirani served as members of our Compensation Committee during our last completed fiscal year.

Todd Krasnow has served as a member of our Board since August 2012.Previously, Mr. Krasnow served as a member of The Tile Shop’s board of managers from January 2012 to August 2012.Mr. Krasnow has served as the president of Cobbs Capital, Inc., a private consulting company, since January 2005, and as marketing domain expert with Highland Consumer Fund, a venture capital firm, since June 2007.Previously, Mr. Krasnow was the chairman of Zoots, Inc., a dry cleaning company, from June 2003 to January 2008 and Chief Executive Officer of Zoots, Inc. from February 1998 to June 2003.He served as the executive vice president of sales and marketing of Staples, Inc. from May 1993 to January 1998 and in other sales and marketing positions for Staples, Inc. from March 1986 to May 1993.Since September 2005, Mr. Krasnow has served as a director of Carbonite, Inc., a publicly-traded provider of online backup solutions for consumers and small and medium sized businesses; since December 2005, Mr. Krasnow has served as chairman of Carbonite’s Compensation Committee; and since September 2009, he has served as a member of Carbonite’s Audit Committee.Mr. Krasnow is also a director of OnForce, Inc., an online marketplace that enables enterprises to hire information technology service professionals, and Global Customer Commerce, Inc., an internet retailer of blinds and wall coverings; and a member of the advisory boards of C&S Wholesale Grocers, Inc. and Piedmont, Ltd., a Japanese storage company, which conducts business as Quraz.Mr. Krasnow holds an M.B.A. from the Harvard University Graduate School of Business and an A.B. in Chemistry from Cornell University.We believe that Mr. Krasnow is qualified to serve on our board of directors due to his operating and management experience and his expertise in sales and marketing.

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Jacullo, Kamin, Krasnow, Suttin, and Watts, representing five of our six directors, do not have a relationship that would interfere with the exercise of independent judgment in carrying out the responsibilities of a director and that each of these directors will be “independent” as that term is defined under the applicable rules and regulations of the Securities and Exchange Commission, or the SEC, and the listing requirements and rules of Nasdaq.

As a member of the original management team of Staples Todd Krasnow was instrumental in opening the world's first office superstore and in helping to grow Staples to $7 billion in annual revenue by 1998.
As executive vice president of sales and marketing, Todd also started and ran Staples' catalog business.He was Co-Founder and CEO of Zoots, one of the country's leading dry cleaning chains, and remains chairman of the company today.Todd also serves on the boards of SuitePlay Home Furnishings, Carbonite.com, MindEdge and C&S Wholesale Grocers.Todd has won a gold Clio award for best retail advertising in the U.S. and served on the Harvard Business School faculty as the Entrepreneur-in-Residence for the 2006-07 academic year and is a member of Cornell University's Alumni Council and the Harvard Business School Entrepreneurship Center Advisory Board.He received his bachelor's degree from Cornell University and his MBA from Harvard Business School.

Todd Krasnow is an accomplished entrepreneur, consumer sales & marketing executive and early stage venture investor.
He was co-founder and Chairman of Zoots, now the largest chain of dry cleaners in the U.S.Todd was a member of the original management team at Staples and served as Staples' EVP of Sales and Marketing.Staples reached over $7 billion in sales by the time he left to co-found Zoots.Todd won a gold "Clio" award for the best retail advertising in the United States.

Todd is a Director of Harvard Business School's Arthur Rock Center for Entrepreneurship and several privately-held companies.He holds an M.B.A. from Harvard Business School and an A.B. in Chemistry from Cornell University.